Dallas Area Residential Sales Report – Allen Condos and Town Homes

Hi there, I’m Marie Walton, a REALTOR® with Ebby Halliday REALTORS, here to give you a market update for December 2024 on condos and town homes in Allen, Texas.

Let’s dive into the numbers. Currently, we have a 6.73 Months Supply of Inventory in Allen. This means that if no new condos or town homes were to come on the market, it would take 6.73 months to sell all the existing condos and town homes. Over the last 12 months, we have seen a significant increase of 159.85% in the Months Supply of Inventory.

The List to Sold Price percentage in Allen is 98%. This means that on average, condos and town homes are selling for 98% of their listing price. So, it’s important for both buyers and sellers to be aware of this when negotiating.

The median days on market in Allen is 65 days. This is the amount of time it takes for a home to go from being listed to being sold. So, if you’re looking to buy or sell, keep this in mind when setting expectations.

And finally, the median sold price in Allen is $432,450. This is the middle point of all the sold prices in the area. So, whether you’re a buyer or a seller, this is a key figure to consider.

So there you have it, a market update for condos and town homes in Allen, Texas during December 2024. If you have any questions or are looking to buy or sell, feel free to reach out to me. Thanks for watching and happy house hunting!